Author Archives: Robin Scher

As cryptocurrency becomes mainstream, its carbon footprint can’t be ignored

As Bitcoin prices rise, so will the incentive to mine it, creating a feedback loop that spells trouble for the climate.

For advocates of cryptocurrency, the promise of an economic future that is managed by a blockchain (a decentralized database that is shared among the nodes of a computer network, as opposed to being held in a single location, such as a central bank) is compelling. For anyone paying attention, the rapid expansion of cryptocurrency has been stunning. In 2019, the global cryptocurrency market was approximately $793 million. It’s now expected to reach nearly $5.2 billion by 2026, according to a report by the market research organization Facts and Factors. In just one year—between July 2020 and June 2021—the global adoption of cryptocurrency surged by more than 880 percent. Continue reading

Why the internet itself is a major environmental problem

If the internet were a country, it would be the sixth biggest user of electricity.

The paradox of combating climate change is that the extent of the emergency extends far beyond the actions taken by individuals to mitigate the climate crisis, yet collective action is what is most required to address this issue. There are so many examples of this dilemma—from recycling to how power is being generated, to what people should consume. In each case, broad-based action is required to shift the dial, and while it might seem insurmountable, every little bit counts. A great example of this sentiment in action can be found in the growing field of eco-friendly web design. Continue reading